The Writers House Sells Office Building In NoMad For $13.4M With Cushman & Wakefield As Seller's Rep
21 West 26th Street, Manhattan, New York, NY 10010, USA
$13,400,000
$900/SF
Building Size
14,885 SF
Asset Type
Office
Closing
Oct 29, 2021
About this deal
AI
Located in the NoMad neighborhood, the office property at 21 & 23 West 26th St. has been sold for $13,400,000. Spanning 14,885 square feet, the property offers ample space for a variety of business needs. With a price per square foot of $900, this transaction reflects the value attributed to this prime piece of real estate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,400,000
- Address: 21 & 23 West 26th St.
- Market: NoMad
The seller of this property was The Writers House, represented by Albert Zuckerman. The sale was facilitated by Craig Waggner, John Ciraulo, and Mike Kavanagh from Team Ciraulo & Waggner at Cushman & Wakefield. Their expertise and negotiation skills played a crucial role in closing this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93